Assume an investor purchases a share of stock for $50 at time t = 0, and another share at $60 at time t = 1, and at the end of Year 1 and Year 2, the stock paid a $2 dividend . Also, at the end of Year 2, the investor sold both shares for $80 each. The money-weighted rate of return on the investment is:

Select one:

a. 16.73%

b. 32.17%

c. 18.02%

d. 15.45%